Five for 5: Five Tips to Virtualize a 5-Day Sales Certification Bootcamp

Whether you’re a sales enablement leader responsible for sales certification or an L&D practitioner ensuring your customer-facing teams are trained, you’re likely strategizing on how to engage and coach your remote teams. Typically, you’d develop a bootcamp for in-depth training or sales onboarding, but these aren’t normal times. Your challenge is creating a virtual equivalent to the traditional 5-day sales certification in-person bootcamp slated for the end of the quarter. How do you take a “tried and true” certification program, that your organization has delivered in person for years, and successfully transition to a fully virtual offering? First, take a deep breath… Here are 5 critical tips for effectively transitioning a certification enablement bootcamp to online delivery.

Don’t Try to Recreate the In-Person Experience
This may seem like a no brainer, but when a certification program is an established institution at an organization, it may be hard to conceptualize anything else. Start by taking a close look at your agenda and decide what can be adapted or even cut out altogether. Activities like, introductions, company overviews, and trainer backgrounds could be provided ahead of time or cut completely.

Consider a Blended Approach
Use a blended framework that includes pre-work, self-paced content, virtual roleplay (e.g. Mindtickle Missions) and webinars to create an engaging learning experience. Assign pre-work and reading before the training begins. Asking sales leadership to record a video that demonstrates a best-in-class pitch or demo is a great way to keep learners engaged. (Pro tip: Be sure to keep it short and simple) Create self-paced voice over slideshows and pre-recorded videos to teach information and show what great looks like. Save the webinar (in person time) for discussions and Q&A. Consider requiring participants to complete pre-work in order to participate in the program. This will increase engagement and motivate learners to come prepared.

Focus on Skills
Re-evaluate your objectives and focus on the specific skills needed for certification. You will probably need to adjust the agenda and even the content in order to stay skills centered. Remember, while it may be important to know the five product lines at your company, focus only on the ones they are currently studying. Provide opportunities to apply their skills using virtual roleplay activities that include constructive feedback from managers or trainers. Consider using scenario based questions to reinforce skills and knowledge, then complement that with incentives to drive engagement. For example, Mindtickle leverages gamification and allows team members to earn badges as they go.

Communicate Early and Often
Write communications with a “what’s in it for me” mindset and set/send expectations well ahead of time. Be sure to clearly state due dates, timelines, technical requirements, and pre-work. Don’t forget to communicate with managers and leadership as well. They should be aware of the changes to the program and any new expectations so they can answer or direct questions. Additionally, if managers will participate in roleplay activities, it’s important they are enabled on the tools used and provided guidance on the activity parameters. Follow up with at least one additional communication prior to the first day of the training.

Review and Refine
As you move the certification program from in-person to virtual, it’s critical that you evaluate participant feedback, engagement, and performance during and after the program. Use polls or surveys after each section to gauge learner experience. Use the data to look for trends or gaps that need to be addressed. Be prepared to make changes on the fly. Creating a scalable program can be challenging but have a big impact on outcomes.

Using these strategies as well as a robust Sales Readiness platform, such as Mindtickle, you can confidently deploy your virtual certification program. To learn more about Mindtickle’s enablement platform request a demo here. Or if you’re already a customer and have any questions, please reach out to your Mindtickle Customer Success representative.

For more information, please see our page about how Mindtickle supports virtual and online sales events.

The Virtual Business Review as Your Strategic Cornerstone for Driving Revenue: A CRO’s Perspective

According to a recent Gartner CSO report, customer engagement remains critical in addressing both market downturns and demand rebounds. Because of this, executing a scheduled or emergency Business Review (e.g. QBR) is one of the most powerful strategic actions sales, marketing and service line leaders have to strategically re-plan, communicate and set focus on the activities that will drive revenue outcomes for their organization.

Unfortunately, there is typically a disconnect between the strategic intent and the actual execution of a QBR. Sellers oftentimes view the session as a management task, lazily filling out a template the night before their session, and disregard the content and takeaways immediately afterwards so ‘they can get on with their day job’. Presenters drone on, leaving their sales audience glossy-eyed and multitasking. And leadership oftentimes struggle to remain focused and provide consistent, detailed and actionable feedback as the parade of territory and opportunity reviews span multiple hours or days.

So, we all need to flip the script to make your next QBR as strategic as we intend, whether its delivered in-person, remote, or some combination thereof.

Here’s what sales leaders need to do now:

  • In a virtual setting, the break-out of the focus and effort should be as follows: 3/5 for pre-work, 1/5 in-session, 1/5 follow-on, and keep your in-session review to a maximum of 1 day, with 50% of that day spent on ‘state of the union’ and other important updates, and 50% of the day on upskilling and up-leveling your team.
  • Move your account and territory reviews into pre-work two weeks prior to the business review. Having your sellers record their presentations and talking points will force them to prepare and helps identify gaps in critical thinking. Mindtickle’s video role play capability provides a forum for practicing, getting automated feedback, and submitting a final presentation that hits the mark while staying on-time.
  • Plan ahead and ensure your reviewers explicitly carve out time to complete the reviews at least 1 week before the live session. This ensures ample time to provide quality reviews. Mindtickle accommodates reviews on web or mobile, making it convenient for reviewers to squeeze in the time they need to complete quality reviews. Mindtickle also allows for in-line comments with the video recording to deliver targeted feedback that emulates live-session interaction. Pre-built reviewer forms and templates also promote consistent, in-depth, and personalized feedback.
  • For the live-session QBR – implement a 3/5 presenter rule: push presenters to condense their presentations to 3 slides and a maximum of 5 minutes which forces them to tailor crisp and concise messaging specifically to the sales audience. Also ensure that each presenter outlines a maximum of 3 takeaways or action items. Use these to formulate post-presentation quiz questions to ensure these items are internalized by the sales team.

At Mindtickle, we’re keen practitioners of the concepts I’ve laid out in this blog–regular business reviews like QBRs are an anchor of our revenue planning and alignment processes. Whether you’re a front-line sales manager responsible for a small team or a seasoned CRO managing a global sea of RVPs and seasoned enterprise account executives and have wondered how you can optimize your upcoming virtual business review initiative, I hope you found the read worth your while.

The Mindtickle team has prepared a comprehensive guide to assist enablement, marketing and sales teams in executing an effective virtual business review. For more information, download our Complete Guide and watch our short video demo to learn how to run an effective virtual business review.

Building the New Millennial Financial Advisor with Sales Readiness

*Editor’s Note: In this blog post, guest author and financial Services and Go-To-Market leader, Cory Haynes (click for LinkedIn profile), shares his thoughts on building and growing a financial services team with the “IG Generation.”

Sitting at a lovely French-inspired restaurant overlooking the Napa River on an unseasonably warm day in Autumn, I spoke with a veteran financial advisor, whom I’ve known many years. I wanted to get his perspective on the Wealth Management Industry, as it has come through the 2008 global financial crisis, the onslaught of robo-advisors, and the greatest wealth transfer in history is taking place as baby boomers transfer their wealth to their children. “The average financial advisor acquired 1.3 net new households; however, our advisors acquired 5.2 net new households”, said Eric Gonzales, Senior Vice President at Merrill for over twenty years. In his time with Merrill, Eric has been quite successful managing a team of twenty advisors and his own book of business This is despite a crowded marketplace of generational wealth family offices, fiercely independent Registered Independent Advisors (RIA), cheaper and increasingly more sophisticated robo-advisors and zero-commission online brokers. Not to mention the demographic shift among his advisors to a younger generation. This shift aligns with the overall industry trend with millennials set to replace the 25% retiring by 2024, according to Cerulli Associates, a leading global research firm for financial services. The majority of advisers industry-wide at end-2017 were between 55 and 64, according to Cerulli. Only around 9% are under 35. For Eric and other leaders in the wealth management space, these statistics highlight a challenge faced by many financial institutions – it’s becoming harder and harder to attract and retain new talent. 

Merrill Lynch, which is among the largest US wealth managers with 17,657 financial advisers and some $2.9 trillion in client balances, is a great case study for this broader theme playing out across the wealth-management landscape.

To be successful with the next generation, the secret sauce for senior managers like Eric, is finding the right technology and incentives to recruit, train, and nurture current and new financial advisors into exceptional, client-trusted advisors. They need coaching and guidance that can evolve with them at their different career growth stages. “We want to model the behaviors of the best advisors and find the right formula so that others can replicate the behavior. We understand every advisor is different, and their clients and demographics are different but behaviors and actions can be controlled and replicated to produce consistent and positive outcomes,” said Eric.

Efforts to train and retain new advisers are hardly unique to Merrill Lynch, with rival wealth managers grappling with demographic shifts across the wealth-management space. Wells Fargo Advisors introduced their internal “Summit Program” earlier this year, which is designed to encourage retiring financial advisers to sell their books of business within the firm. High failure rates to be sure, churn is common in the classic wealth-management industry. Cerulli Associates’ research says that the industry attracted about 20,000 trainees in 2018, with a failure rate of approximately 75%. Large broker dealers can spend on average $85,000 on training and coaching, which underscores their laser focus to find the right candidate and retain them. Over five years, successful financial advisors can become extremely profitable to the firm. Merrill’s parent company, Bank of America, reported a third-quarter profit that topped Wall Street analysts’ expectations. The wealth-management arm reported record net income of $1.1 billion, a rise of 8% compared with the same time last year.

Most aspiring money managers end up failing early on as the pressure to take on new clients and generate sales burns out newcomers. A pattern among newbie advisers that’s unfolding in Bank of America’s wealth-management unit shows how traditional wealth managers are adapting to that reality. Financial-advisers-in-training at Merrill Lynch who exit its trainee program are now often transitioning to other roles within the firm instead of leaving altogether. This keeps the talent in the firm, but doesn’t erase the deficit of financial advisors.

Managers are clamoring for tools to enable them to coach and guide at scale. They want to employ repeatable and measurable methodology to help financial advisors on prospecting, lead generation, and closing deals. As Eric stated, “A successful financial advisor trainee lifts all boats, the customer is happy, the brand becomes stronger, the firm becomes more profitable, and I have yet another success story to share with new recruits.”  

 As a former financial advisor, I have found that enterprise platforms like Mindtickle can bridge the financial advisor skill gaps in knowledge, compliance and field execution to drive more sales at higher margins. Mindtickle’s Readiness platform enables sellers to develop their capabilities through virtual practice and coaching, empowering them to:

  • Speak with more authority to prospects by building credibility
  • Better handle common situations with video role-plays and simulated customer scenarios
  • Receive effective and continuous 1:1 coaching 

Mindtickle leverages AI and Machine learning to personalize the training and coaching for the financial advisors through a patented data-driven Readiness platform. Nothing can be improved unless it is measured. Out-of-the-box reports can drive enablement with data to:

  • Understand the status of existing enablement programs
  • Easily report on effectiveness to management teams
  • Drive internal compliance

Eric and other wealth managers are grappling with the outsized margin pressures and the seismic demographic shifts in their business. So the demand  for more technology is only increasing. Mobile-first tools that learn and evolve to train and retain might very well help stave off the fully automated solutions and the changing preferences of customers and incoming financial advisors alike.  Leveraging mobile-based training and learning platforms of the future might even empower new financial advisors to simply pull out their phones to do augmented reality prospecting with geo-targeting and simulated financial planning with virtual clients. It’s this type of innovation that will attract and retain Gen Y & Z advisors, but more importantly, it will help them service their clients better as true fiduciaries – doing what’s in the best interest of the client, which is what the business is all about…serving the client.

As the sunlight dances on the river and the din of the restaurant patrons increases, fittingly Eric’s grin widens. He can see a bright future ahead as he embraces this new frontier in technology, which will no doubt give him an edge in recruiting and retention. His KPIs to reduce turnover by 25% and reduce training expenses by 20% will take at least a quarter to realize. In the interim, he can envision his practice exponentially growing — outpacing his industry peers –while maintaining the highest fiduciary standards and trust with his clients. “It’s nice to be on the positive side of the wealth management industry trends and statistics,” smiled Eric.

The Best Sales Training Ideas: Techniques to Ensure Success

We’ve entered a new era of sales training. For many decades, long presentations in classroom environments were the only form of career learning available. But today, sales reps expect more creative and comprehensive career development tools, and customers expect salespeople to be valuable industry experts.

As technology evolves, attention spans decrease and customer knowledge skyrockets. Sales instruction must now include new methodologies that didn’t exist even 10 years ago. Today’s training is fueled by sales enablement technologies, and it’s bolstered by innovative coaching methods.

What is Sales Training?

Sales training is the ongoing process of teaching sales teams how to create profitable, deal-closing interactions with buyers. This may include in-person learning, e-learning, micro-learning, gamification, or other training techniques to help salespeople improve.

Sales training is designed to help sales reps close more deals, of course. But it’s also about teaching reps to build long-term relationships with buyers and guide them to buying decisions that best benefit their organizations as well.

Although the terms are sometimes used synonymously, sales training is not the same as “sales enablement” or “sales coaching.”

Sales enablement is a wide umbrella. While it includes training, it also involves tools, content, processes, and other resources that enable sales reps to be at their best.

Sales coaching is a crucial reinforcer of training. It’s the continuous, one-on-one guidance given to salespeople to fill each individual rep’s specific knowledge gaps.

The Best Sales Training Techniques

There’s no single training plan that works for every sales organization, and it’s beneficial to use a mix of different methods to keep things interesting. There are, however, several training techniques that, when implemented correctly, boost the performance of sales teams. Here are key sales training techniques to consider:

E-learning

Technology and flexible work arrangements continue to change how and where work is performed.

Over 40% of U.S. employees worked remotely for at least part of the time in 2017, up from only 23% in 2003.

and salespeople are no exception. Even when employees are in the office, sales teams are often dispersed throughout different cities, states, and even countries to serve different markets.

Traditional, in-person training is challenging to coordinate, expensive to execute, and requires taking the sales staff away from valuable customer-facing activities for hours or days at a time.

E-learning can take different forms, such as instructor-led classes vs. massive open online courses (MOOCs). These are most commonly used to teach several new concepts in a short span of time, such as during sales rep onboarding or training on a new system.

E-learning eliminates many of the pitfalls of traditional sales training by providing:

  • Anywhere/anytime access: By offering training courses online via the cloud, sales reps can access training materials wherever and whenever is convenient for them. The best e-learning technology also enables learners to take courses from any device, whether desktops, laptops, tablets or phones.
  • Increased sales-rep productivity: The downtime required to travel to a conference center and sit through training would be better served on the front lines with buyers. Because e-learning enables salespeople to take courses whenever their schedules permit, they gain more time to focus on customer relationship building and revenue-generating activities.
  • Cost reductions: Although e-learning requires up-front investment, it ultimately leads to steep cost reductions. Virtual learning reduces the costs of travel, training centers, physical learning materials (like training guides), and the expenses associated with bringing in dedicated trainers.
  • Many engaging formats: E-learning can be as creative and engaging as you want it to be. And in our era of shrinking attention spans, engagement is important. The best e-learning training offers a mix of presentation formats that boost engagement. Examples include video, interactive infographics, whiteboard-style free animations, kinetic text, and challenging-yet-fun assessments to test the learner’s knowledge.
  • Attractive perks for top talent: Companies with the most convenient and robust learning opportunities can win top talent better than competitors. Sales training offers career and skill development—something that millennials want and expect from their employers. A sales organization that offers 24/7 access to industry-leading training materials can highlight their commitment to ongoing improvement in the recruiting process.

Micro-learning

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Micro-learning is the practice of offering bite-sized, always-accessible, individualized training content to employees. This practice uses small learning opportunities to reinforce key concepts and drive employee development.

Micro-learning is often focused on one topic or problem, and it is easily searchable so employees can find information on the right topic at the right time. Micro-learning may incorporate a range of content types, including quizzes, videos, games, simulations, audio clips, and more.

Micro-learning taps into a key principle of how humans learn: the more we repeat and use information, the more ingrained it becomes in long-term memory. Research also shows that information is retained more effectively when it is spread over a longer period of time, compared to when the information is presented all at once.

Not only does micro-learning aid in the learning process, but it also saves precious time and helps the learner absorb information in a way that’s fun and engaging.

Here are some important benefits of micro-learning:

  • Retain more training information: Conventional e-learning typically covers numerous training objectives in one lengthy course. This can create “information overload,” causing reps to struggle to retain a wide range of concepts. Micro-learning flips this tactic on its head by presenting the learner with short-and-sweet training modules.
  • Fit into busy reps’ schedules: Each training module is quick, fun, and engaging. It focuses on one learning objective, with one vital concept to remember, and then ends. The learner can then either take another training module or go about their day with that one newly-learned concept in mind.
  • Identify knowledge gaps and track progress: Advanced micro-learning platforms provide the ability for sales leaders to identify reps’ knowledge gaps, assign training to fill that gap, and track the reps’ progress in that area.
  • Customize and personalize training programs: With larger sales teams, there are numerous knowledge gaps to fill. Traditionally, the way to deal with knowledge gaps was to present dozens (or even hundreds) of reps with one lengthy training session in an attempt to cover every possible need. With micro-learning, sales coaches can assign the exact modules needed to fill every rep’s knowledge gaps. This approach boosts efficiency, saves time for the entire sales team, and gives reps a more customized approach to development.
  • Provide information that is relevant here and now: Sales training should be refreshed frequently to accommodate the latest product knowledge, buyer insights, and industry trends. Traditional classroom materials or even e-learning can take months to update. Micro-learning modules, on the other hand, can be updated within hours to ensure reps are getting the most relevant information.
  • Improve training completion rates: The longer and more challenging the training, the less likely your reps are to complete the entire program. With shorter, more approachable training that is easy to fit in with day-to-day activities, reps are more likely to start and complete their training modules.
  • Gain a competitive advantage: Companies can gain and cement their competitive advantage by using micro-learning techniques. Dynamic learning opportunities like micro-learning improve the onboarding process, increase productivity, help attract and retain top talent, and require less time to find and update than traditional training materials. All of these benefits together help you build a competitive advantage and deliver more value to customers.

Gamification

Gamification provides something that was once unheard of: training programs that are fun. Training that’s enjoyable and engaging helps the learner retain more of the material for longer periods of time.

When training and assessments are enjoyable, reps are motivated to complete modules even when they’re not assigned to them. This provides for more training opportunities and more reinforcement of key concepts covered in e-learning, micro-learning, or other training formats. When salespeople are motivated to complete more training, the result is a more highly skilled sales team that is prepared to drive revenue growth.

Some of the most effective gamification elements include:

  • Video-game components: Gaming is a familiar format to millennials, who make up the largest share of the U.S. workforce. The gaming format offers fun and engaging challenges to help apply and reinforce what is learned.
  • Leaderboards: Leaderboards and badges add healthy colleague-to-colleague competition to the training mix. Since their achievements can be publicized company-wide, reps receive more recognition and motivation than they did with traditional training courses.
  • Social elements: Newsfeeds and open communication between reps make the gamification experience even more rewarding. Social elements can promote new business connections and profitable interactions (like knowledge sharing and meaningful encouragement) within the sales force.
  • Gamified quizzes: Even quizzes can be fun when they’re turned into games. When reps don’t pass an assessment on the first try, they’re more willing and motivated to play the learning game again to pick up the information they might have missed.

Real-world incentives

Salespeople are goal-driven and competitive by nature. Online training programs should leverage these traits. While many reps complete e-learning courses for their own career development, the right incentives can add motivational fuel to the fire. Here are a few important guidelines:

  • Make sure the incentives are desirable: Incentives can take many forms, like spiffs awarded after meeting a challenging training goal, or gift cards or concert tickets. Anything that will motivate your reps is fair game. Don’t make the common mistake of assuming your team will be motivated by company-branded giveaway items like pens and sport bottles—your reps are more valuable than that, so it’s worth putting time and thought into your incentives.
  • Incentives need to be achievable: If the incentive requirements aren’t attainable, such as earning 100% on all training quizzes for a month, reps will be discouraged rather than motivated. The requirements should be challenging, but reps need to believe they can actually win. Consider running “nearly impossible” incentives alongside achievable ones. For example, earning 85% or higher on all training quizzes this month will earn a standard (but desirable) reward, and landing 100% on all quizzes is worth an even more valuable reward.
  • Get input from sales reps: With larger sales teams, especially when they’re remote, it might be harder to anticipate what kinds of incentives resonate well with your reps. If you’re not sure what to offer, ask reps directly. Consider emailing a questionnaire with a list of rewards to choose from, whether gift cards, a donation to their favorite charity, etc. Then, when a rep earns an incentive, you’ll know their preferences.
  • Deliver the reward immediately: With remote sales reps, make sure the reward is mailed quickly. For reps working in the office, hand-deliver it the day it’s earned, if possible. To maintain the motivation, reps should see training incentives being received as promised.

How a Sales Training Platform Can Help

There are countless approaches to establishing effective sales training and onboarding at your organization. The right training platform can help your reps achieve quotas faster and improve new reps’ time to productivity. Look for a platform that enables you to:

  • Identify your reps’ specific knowledge gaps
  • Assign your reps the right learning paths based on their roles
  • Track onboarding progress with milestones and certifications
  • Provide training modules that incorporate gamification elements

Mindtickle is a trusted sales training platform that enables sales teams worldwide to become more competitive and profitable. Schedule a demo to see how Mindtickle can help you establish and refine your sales training program.

How Mindtickle’s Best-in-Class ‘Missions’ Virtual Role-Play Got Even Better in 2019

In today’s digital age where everyone is glued to their phones, the traditional ‘Elevator Pitch’ rarely happens in the elevator. It is more likely that your sellers will never have the chance to be in that “elevator” or even the same conversation if they are not able to send a concise and effective LinkedIn invitation or message and master a consultative introductory conversation with the prospect. The most successful sellers are able to capitalize on customer interactions regardless of the medium – email, phone, in-person, web-conference. 

As the industry-leading readiness platform, we enable this mastery through our ‘Missions’ capability. Missions allow sellers to practice voice-over-slideshow, video roleplay, email and task evaluation, and voice-over-screen share (product demo/walkthrough, etc.) in one unified platform. To date, our platform has seen over a quarter million Missions submitted by hundreds of customers across 10 industry verticals. In addition, Mindtickle customers are creating Missions to target use cases in all sales stages.

Here is a summary of the use cases we see:

Meeting our customer needs at this scale and variety of use cases has only been possible through our continued commitment to keep the Missions capability in Mindtickle at the cutting edge. In 2019 we pushed the envelope around the use of innovative AI-driven capabilities. These often get all the attention, but along with the new AI capabilities, we also furthered our market differentiation and lead in the critical features that don’t usually make the headlines – configuration, management, and tracking of Missions. We even redesigned the entire Missions user interface (UI) for a fresh new and intuitive experience. This ensures that the comprehensiveness of the Missions features doesn’t come at the cost of usability. This has allowed Mindtickle Missions to truly stand out from all others in the space that also claim to have Missions or role-plays but don’t have the breadth and depth in the capabilities that are critical to the successful adoption at scale in the enterprise.

Instead of simply giving a laundry list of the key capabilities, I want to articulate how we have built the Missions in Mindtickle to address the key challenges faced by three key users: the Enablement admin, the Reviewer (e.g. their rep manager or coach), and Seller. All of which are involved in the configuration, launch, and adoption of the Missions.

Enablement Admins

The admins are the lynchpin the entire Missions workflow. Here are some of their key needs to ensure the successful adoption of Missions.

Target all forms of customer interactions:
Multiple types of Missions to help target all forms of customer interactions – text emails, presentation or phone conversations

Maintain consistency in definition and quality of Mission across all admins:
Reduce time and error in Mission creation and get better consistency across admins with a guided creation workflow with intelligent default configuration values to ensure that key settings are never missed or improperly configured

Match evaluation mechanism to the use case of Missions:
Evaluation criteria of  ‘message certification’ Mission are very different from that of a ‘success story’ Mission. The criteria also vary based on the profile of the target sellers eg. Between BDRs and experienced account executives. A one size fits all approach just doesn’t work. Mindtickle Missions have extremely configurable evaluation criteria. Admins can pick between a  rating scale, multiple-choice and text feedback. They can organize the evaluation criteria in sections and customize the weights for each parameter. Certification and re-certification options allow Missions to be used for compliance or partner certification related use cases.

Ensure unbiased and consistent responses across all reviewers:
If sellers are being compared by their performance across a set of Missions, we need to make sure their Missions that are being evaluated by different people are as objective as possible

  • Reviewer guidance – This helps reduce reviewer error and bias and ensures good data quality when comparing sellers and reviewer performance
  • Multiple reviewers – helps add multiple perspectives  so you can quickly spot anomalies or at the very least help the seller get faster responses or encourage more per to peer collaboration

Drive accountability and adoption of Missions:
This usually takes a combined carrot and stick approach. Admins in Mindtickle have multiple options on both fronts at their disposal

  • Very flexible notification criteria allow admins to pick specific trigger points (e.g. on invitation, close to the due date, or submission or due date for review, etc.). They can also ensure the notifications to both the sellers and reviewers  are available over one or more preferred channels (eg. Slack notification, mobile notification or email, etc.) to avoid creating noise but ensure high open rates. All of our customers typically see at least a 15% bump in the submission/review rate around the moment a notification is sent.
  • Admins can quickly create visibility around managers/reviewers who take the extra effort in providing the most constructive feedback. Mindtickle generates this ‘review quality report’ by analyzing the text data from comments left by reviewers in Missions 
  • A global reviewer report helps admins get visibility across time to know who are their most proactive and diligent managers vs. the troublemakers. They can create the Mission completion and score reports and share it across the management chain where each manager’s data is automatically scoped by the platform to show their direct reports.
  • Some customers push the boundaries even further by integrating the certification data from Missions into their HRMS systems like Workday

Mission Reviewers

The experience of Mission reviewers in Mindtickle is optimized with AI assistance to ensure they can provide quick, consistent, and high-quality feedback. Reviewers are first shown Missions that are due or overdue to prioritize attention. Once inside the Mission, the system first shows reviewers how the submission performs on length, speech pace, and use of filler words. As the reviewers look through the evaluation criteria, they are shown inline guidance on rating parameter meaning and the difference between each value of the rating scale. They also get to see the machine analysis of the submission around the keywords that were important. The text transcript helps them quickly browse through the Mission so they can focus on the parts of the Mission where the machine shows weak coverage of the keywords. Once reviewers pinpoint the issues, they can quickly add contextual feedback using the in-line comment capability.

Managers are able to also leverage the reports bookmarked for them by the admins to quickly get a sense of how their team stacks around the key evaluation parameters of the Missions so they can understand competency gaps.

For more information about how Mindtickle helps equip front-line managers with a data-driven coaching platform, see our solutions page on Coaching and Skill Certification for Managers.

Sellers

For sellers to derive maximum value from the Missions, the experience for the seller needs to be very closely tailored to the scenario and feedback on their submission needs to be quick, actionable, unbiased, and contextual. With the comprehensive configuration options leveraged by admins, sellers in Mindtickle see Missions that are very closely customized and matched to the intent of the exercise.

AI-enabled instant response from the machine gives seller input on the use of filler words, length, and talking pace of the role-play. This allows sellers to ‘re-attempt’ before submitting for review to their manager/reviewer. This machine-assisted practice leads to higher long term proficiency.

For areas of improvement, sellers are able to see the remediation assigned by the reviewer tailored to the evaluation criteria that need improvements. Sellers also benefit from the use of the in-video comments capability leveraged by the reviewers. By looking at seller interaction data, we see that the sellers often revisit the in-context comments multiple times — underscoring their importance.

Looking into 2020 we are excited to now leverage this Missions platform and wealth of data we have collected to add further AI-driven personalization and automation of the entire Mission workflow.

Click here for more information about Missions and full site of Sales Readiness applications!

Come See Mindtickle at the Gartner CSO & Sales Leader Conference 2019

 

Mindtickle is excited to participate in this year’s Gartner CSO and Sales Leader conference! The conference focuses on Chief Sales Officers and sales leaders who are tasked with delivering significant revenue and performance growth each year.  We’re especially looking forward to a special breakfast session on Day 1 led by Christi Moot, Global Director of Sales Readiness, LinkedIn Marketing Solutions. For a detailed session description of this highly relevant topic, see below. 

In addition, Mindtickle will be available throughout the conference in the exhibition hall at Booth #321. Our expert booth staff will be offering Sales Readiness demonstrations, actual hands-on time with our mobile app, some exciting giveaways, and entertainment! We look forward to meeting you there! 

To find out if the conference is right for you, please read the reasons to attend and register here. Contact us for a limited-availability $400 discount code!

 

Speaker: Christi Moot, Global Director of Sales Readiness, LinkedIn Marketing Solutions

Date/Time: September 17, 7:45-8:30am PT

Location: Mount Royal Ballroom, The Cosmopolitan, Las Vegas (conference registration required)

 

Session info:

To Incentivize Is to Motivate: Empowering Your Seller’s Revenue Edge

With a changing landscape that is highly competitive both for sales talent and for revenue generation, successful companies today are those that implement sales readiness initiatives to motivate and engage teams for measurable revenue outcomes. At LinkedIn, our culture incentivizes each employee to discover and develop the capabilities to power the next level of professional attainment – their growth edge.  Attend this session to learn how LinkedIn is building a world-class, high performing sales organization by linking measurable customer-facing capability to incentive practices.  

You will learn

  • How a more effective salesperson can lead to a faster deal/quota achievement time
  • Guiding principles that motivate and incentivize sellers to systematically build revenue behavior
  • How to delegate and assign ownership and accountability based on an individual’s specific learning and skill level
  • How to tie specific learning objectives with revenue goals based on each employee’s role
  • How to leverage and harness daily interactions between peers and leaders for social learning

 

Mindtickle powers the world’s most customer-centric organizations with the capabilities proven to grow revenue and maximize brand value. Visit mindtickle.com to learn more about our Sales Readiness solutions, customers, resources or to schedule a demo.

Sales Readiness is a Lifestyle, Not a Diet

The concept of dieting has been the target of a lot of criticism over the last 10 years as experts expounded that drastic regimes aimed at quick weight loss don’t work well. Their research indicated that people eventually come off the diet and end up gaining back whatever pounds they lost. Instead, the experts and researchers say, it’s better to make the commitment to a healthy lifestyle. Exercising regularly, eating a variety of wholesome foods, and keeping your stress levels down will be much more beneficial in the long run.

While I’m no expert on diet or nutrition, this kind of thinking strikes me as a useful analogy between the “healthy lifestyle” idea and the kind of broad, balanced, sustainable approach to sales readiness that many companies are looking for. To that end, here are three analogous principles between healthy living and a healthy sales readiness program:

 

  1. Serve up content in moderate portions and spread it out over time.

    Too often, sales teams experience a kind of feast-or-famine content and training cycle. For example, a glut of content before an important initial presentation, with minimal support for the follow-up meetings. Or rigorous onboarding, followed by haphazard ongoing learning. Microlearning activities can help you distribute training over a manageable timeframe. It can provide “portion control” for your sales readiness and enablement program, so that reps don’t have to rely on ‘cram sessions’ for important meetings. It can help you build long-term, sustainable change and reduce the risk of sales teams crashing back into old habits.

  2. Stay active.

    Vigorous, sustained activity is one key to health and longevity that everyone agrees on. It’s crucial for sales readiness initiatives, too. Practice, practice, practice. Simply presenting information to your salespeople is like asking them to read a book about exercise, often doesn’t include actually doing exercise. It’s not just what you know – it’s how you apply that knowledge. This is where video role plays are hugely helpful, not just for polishing pitches, but for supporting active coaching and the ongoing conversation between reps and their supervisors or management. Virtual role plays and near-real-world simulations of sales scenarios can help your reps hone their skills and apply the knowledge they’ve acquired, in a supportive environment.

  3. Mix it up.

    Look for those different ‘colors’ on your sales readiness plate. People have different learning styles; give them a variety of content – polls, quizzes, bite-sized content, quick updates. Of course, with any healthy diet, there should still be room for dessert. Make it fun! You can sprinkle in gamification, rewards systems, leaderboards. Provide a variety of access, too, via desktops, mobile devices, or your CRM.

 

 

Mindtickle can help your business build a healthy, sustainable sales readiness program. At the same time, you’ll be helping your reps with a bit of stress reduction too! At the risk of mixing metaphors, you could think of our platform as your trusted personal trainer in your drive to sales readiness success.

To learn more about how Mindtickle can help your sales readiness initiatives, contact us!

Driving Sales Productivity: Aragon Research Draws the Lines Between Sales Enablement, Sales Readiness and LMS

If there is one thing technology vendors have really nailed, that is content marketing. With each new white paper and e-book, the digital noise aimed at buyers expands. This has been no different with sales enablement and readiness. Vendors and consultants have fallen over themselves to assure prospective buyers that they have worked out defining and differentiating sales enablement, training, sales coaching, sales effectiveness, engagement, readiness and so on. What has been missing is the authoritative voice of an analyst that marries deep practitioner experience with an in-depth understanding of the technology landscape.

The recent Tech Spectrum for Sales Coaching and Learning Report by Aragon Research is a timely and insightful snapshot of the sales training and coaching imperative as well as the technology solutions landscape. It is timely because of a renewed effort by learning platforms to co-opt sales readiness as a learning initiative and insightful because it provides a valuable framework to separate point solution pretenders from proven platforms purpose-built for sales readiness.

While this report certainly validates Mindtickle’s singular focus on tying the success of our platform to measurable capability (what reps say and do), more importantly, Aragon Research’s report lays out the interplay between sales enablement, corporate learning, and sales readiness. And at the same time, it also highlights mission-critical priorities for coaching and applied learning in the flow of work.

Mindtickle is pleased to sponsor access to the report for anyone that doesn’t have access to Aragon’s library and I invite a dialog with fellow practitioners on what I thought were three key areas the report did a particularly good job of drawing out:

  • A rubric for evaluating enterprise-readiness offerings that are winning the battle for enterprise
  • A persuasive argument for why and how sales teams should break away from corporate learning standards
  • Sales capability indexing for real-time measurement and monitoring of revenue potential.

Defining the hallmarks of a good solution provider in the modern space

Aragon Research establishes specific evaluation criteria around company leadership, including proven customer experience, company viability, product vision, and delivery, and committed R&D as a percentage of headcount and spend. Simultaneously, it assesses the product offering itself, covering pricing and packaging completeness, performance, and awareness.
In reading through the report I was struck by the subtext of this section because it underscores observations of the companies that succeed on Mindtickle.

Before determining what an ideal solution might look like, these companies carefully profile their sales teams. For example, we are increasingly seeing the need to balance seller profiles demanding on the go readiness approaches. These sellers are:

  • Increasingly desk-less and remote
  • Focused on learning in the context and in the flow of work
  • Wanting to consume bite-sized information in context, in digital formats

Aragon notes that by extension, a successful platform must not only find new ways to engage sellers in the blocking and tackling of core content learning, but also step away from simply sequencing training, coaching and skill development in proprietary formats. To extend that thought, on personalization and adaptive engagement must become a core requirement. Thirdly, a modern approach must leverage different modalities, methods, and techniques: features like video-challenges, peer-coaching, repetition-based learning, microcontent, community competitions, and others. All of these build engagement, but also lead to a comprehensive, single data model.

How to break away from corporate learning and corporate content management

To maximize their quota attainment, companies should evaluate the potential of their people as customer-facing advocates first, employees second, and as individuals third.

Aragon Research has done the market a very important service by creating a clear separation between corporate or enterprise learning, which has its place particularly for compliance, technical learning and training, and sales learning. The latter of which needs to be acknowledged separately.

With the profile of the modern salesperson in mind, the report showcases why companies need a just-in-time approach. This is a new modality to engage and ready sales giving them the information they need before they realize they need it, as opposed to teaching it to them just in case.

Aragon Research examines why corporate learning and content management are not taking the application of capability in a specified business context, which is what’s really needed to address the problem of sales teams wanting to be better. In their report, they call out critical examples of these business scenarios such as sales onboarding, ongoing sales learning, sales skills development, and sales coaching.

There are specific business scenarios that play out within the lifecycle of the salesperson, and in each of these critical moments, sales needs to know how to tailor their approach toward specific situations. From the time they walk in the door as a new salesperson, to the acquisition of the basic set of skills and knowledge they need to engage the market, to then delivering in the field – salespeople need to be coached in the context of their specific role, business objectives, and everyday job.

As sales teams grow and develop, their learning should grow and develop alongside them.

Identifying capability as a real-time revenue measurement

Finally, the Aragon report sheds light on how identifying capability can be a real-time measure of the revenue power and health of a business.

The real-time aspects of sales productivity extend beyond the real-time experience of the end participant, the salesperson. They also extend to the manager – as well as the executives who are working from HQ. They all need to understand how the sales are performing in real time and how to make micro and macro adjustments when and as necessary.

From a manager’s perspective, they need to know how to get real-time insights into what the salesperson has learned, what customer-facing skills are being invested in and developed, and what how is this being applied in the real world. To get these insights, they might do ride alongs, for example,  so they have real world visibility. And they would be able to evaluate, reinforce, intervene, and remediate. Leveraging things like machine learning to assess and improve phone calls the rep is having with smart recommendations or prescriptive insights can help facilitate the coaching process and outcomes.

Having real-time insights – even if they’re evaluated on a staggered basis – into how the salesperson is responding to these inputs physically and virtually, is incredibly empowering for any team. This sets the stage for incorporating those insights into their engagement with the customer in context, and in time.

Concluding thoughts

In my years of experience in enterprise software, I’ve come to see technology as a journey – not an end in itself. Strategic initiatives like sales readiness cannot be delivered by technology or applications alone. It’s a large-scale, long-term effort both for those actively participating in the space and for those trying to define it.

What reports like the Aragon Research Tech Spectrum help us do is put out a pulse check and a call to arms. While it was gratifying for Mindtickle to be called out as a leader based on our strengths in product, customer focus, and enterprise acquisition, it also calls out all us in the space are here because we perform a mission-critical service to the industry – empowering sellers and buyers to connect on value.

Click Here to Download Your Complimentary Copy of the Research

Mindtickle Partners with Healthcare Sales Performance for Sales Readiness in the Life Sciences Industries

Partners to showcase solution for Sales Readiness at 12th Annual Medical Device & Diagnostic Sales Training and Development event.

SAN FRANCISCO — February 26th, 2019—Mindtickle, the leader in Sales Readiness technology, today announced a partnership with Healthcare Sales Performance (HSP) to help medical device, diagnostic and life science companies increase gross sales, improve team productivity and reduce onboarding and training costs. Through developing, training, coaching and measuring selling behaviors, the partnership enables more efficient and effective sales coaching, boosts new hire productivity and enhances product launches, events and training programs resulting in field effectiveness for life sciences companies.

“We are thrilled to announce our partnership with Mindtickle. As the healthcare market shifts, it puts pressure on sales organizations to adapt in order to be competitive,” Matt Switzer, co-founder and sales consultant at Healthcare Sales Performance. “That’s why we are so excited to be able to deliver a combination of healthcare-specific methodology, coaching effectiveness and performance analytics to our Life Sciences customers. Our customers will be able to impact sales results with relatively minimal resources and amazing speed of execution.”

The healthcare buying process has changed dramatically and manufacturers can no longer rely on sales relationships to navigate the healthcare buying process, as decisions are less clinical and more economical in nature. BioPharma and Medical Technology manufacturers and distributors must connect sales competencies, knowledge, messaging and skill, and align that with hospital structure, buying process, to reach healthcare customers. The partnership of HSP and Mindtickle offers an industry-specific commercial readiness solution for knowledge transfer, front-line manager coaching and reinforcement that allows reps to be competitive in the markets and close more sales

“There’s a perfect storm of market forces ranging from the increasing power of IDN and group-based purchasing to reliance on clinical evidence impacting the buying the hospital process. Reps must be continuously readied with online learning and coaching to have value-driven conversations tied to patient outcomes. This requires a modern approach blending technology and experiences to guide life sciences companies on the right mix of skills and behaviors to make salespeople successful,” said Gopkiran Rao, senior vice president of strategy and go to market at Mindtickle. “With HSP and Mindtickle, life sciences companies can measurably drive the knowledge, capabilities, and engagement required to drive better outcomes.”

Mindtickle is pleased to be a Gold Sponsor of the 12th Annual Medical Device & Diagnostic Sales Training and Development event, February 26-27 at the Sheraton Charlotte in North Carolina. Tom Griffin, Sr. Director, Commercial Strategy Execution at Endologix will be joined by Pam Switzer from HSP for a discussion on Wednesday the 27th entitled Blended Learning Best Practices That Boost Knowledge Retention. In this session, attendees will learn from Endologix about their journey in transforming key commercial readiness and related sales training initiatives across sales onboarding, product launches, field updates and how they put their sales training strategy on a modern footing. The presentation will showcase the programs, methodologies, and a new partnership that combines healthcare sales methodology with sales enablement and readiness technology.

For more information about the partnership and joint solution, you can learn more here.

About Healthcare Sales Performance

Healthcare Sales Performance (HSP), Inc. is a research, training and sales performance company committed to the advancement of healthcare through supporting the introduction of innovation to the marketplace. For over 25 years, HSP has consulted with the generators of healthcare innovation and healthcare providers to improve collaboration, adoption of change and outcomes for vendors, health systems and patients.

About Mindtickle

Mindtickle provides a comprehensive, data-driven solution for sales readiness and enablement that fuels revenue growth and brand affinity. Its purpose-built applications, proven methodologies, and best practices are designed to drive effective sales onboarding and ongoing readiness. With Mindtickle, company leaders and sellers can continually assess, diagnose and develop the knowledge, skills, and behaviors required to effectively engage customers and drive growth. Companies across a wide range of industries use Mindtickle’s innovative capabilities for on-demand, online training, bite-sized mobile updates, gamification-based learning, coaching and role-play to ensure world-class sales performance. Mindtickle is a global, privately-held company headquartered in San Francisco, CA. Visit them at www.Mindtickle.com.

Media Contact:
Public Relations at Mindtickle
[email protected]

Should Virtual Classrooms Replace In-Person Events to Keep Valuable Reps in the Field?

With demand on the rise for measurable sales skills training that keeps reps in the field, companies are turning to virtual classroom experiences as a replacement for in-person events. But should they be? Or do the same flaws of the traditional classroom-only approach get exacerbated in a virtual classroom environment?

The issue? Changes in the modern seller profile are creating challenges as teams move towards being desk-less, digital, and distant.

When thinking about virtual selling, how often do you take time to consider the ways in which your team might be struggling with job-specific training? Truth be told, this is something many companies are starting to realize – and address.

According to research from CVI4 out of 5 salespeople aren’t getting the skills training they need – and while some attribute this to budget limitations, the majority blame time-out-of-field constraints. It also makes sense that oftentimes, managers end up choosing training that isn’t very flexible or individually-specialized. So, how are companies thinking of tackling this?

Virtual training gives your team different kinds of opportunities – ones that with their flexibility and timeliness, can actually increase productivity in the long-run. Take custom scheduling for example: when training activities fit into your sales teams routines without disrupting their flow, learning can actually become much more continuous.

Teams benefit and learn on a daily basis with ongoing reinforcement videos, opportunities to review and compare with peers, and revisit key concepts on demand. Coaching becomes more comprehensive too: reviewers and managers have a renewed flexibility to review and provide more detailed feedback on assignments.

But the most impressive finding from CVI research is the fact that virtual training increases sales reps confidence twice as much as traditional classroom training. This is huge if you add to this the typical cost savings gained with virtual training sessions.

Running a successful virtual training program, however, requires a different approach. It is not enough to upload your traditional training content online and share it with everyone. The truly impactful virtual programs follow a framework consisting of:

  1. Identify knowledge and skills gaps
  2. Plan and deploy  personalized programs
  3. Enable practice and feedback
  4. Leverage guided coaching

To learn more about this framework for virtual training and the details behind what make for successful programs, watch the online recording of where Gopkiran Rao, SVP Strategy at Mindtickle, and Tim Riesterer, Chief Strategy Officer of Corporate Visions, explore a virtual training approach that breaks free of classroom constraints altogether.

Click here to watch now.